It is an industry that has been dominated by China for years, but now the rest of the world wants in.
Mr Lockyer points out that some of the latest technology relies on their properties.
Australian firm Lynas Rare Earths has been contracted by the United States Department of Defense to build a multimillion-dollar processing facility in the US in a bid to reduce its reliance on China for strategic minerals. The US Energy Secretary Jennifer Granholm warned recently at a conference in Sydney that China was "big-footing" renewable energy technology and supply chains.
"We saw the Chinese government stop rare earth supply to Japan as part of its economic coercion against the Japanese government," says Aspi analyst Albert Zhang. John Coyne, who is in charge of Aspi's Northern Australia Strategic Policy Centre, also warns that China will not easily surrender its vice-like dominance of the international rare earths sector. He alleges that Beijing uses its "power and market-distortion tactics to strategically flood the market when it wants to drive out competitors and deter new market entrants".
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Don’t Give Up on Diplomacy with China'Dialogue and negotiation, whether scripted or freewheeling, are essential to determine whether overreach is hardbacked into Xi’s regime or he might be persuaded to moderate his policies during his third term,' writes Susan L. Shirk
Lire la suite »
China Party Congress: Xi Jinping to cement grip on power at historic meetingDelegates in Beijing are expected to hand him a historic third term as party leader.
Lire la suite »
China will never renounce right to use force over Taiwan, President Xi Jinping declaresBeijing has offered Taiwan a 'one country, two systems' model of autonomy - the same formula it uses for Hong Kong - but all mainstream Taiwanese political parties have rejected the proposal.
Lire la suite »
China To Stop Reselling LNG To Europe | OilPrice.comChinese state-owned energy giants have been recently told by authorities to stop reselling liquefied natural gas (LNG) cargoes to gas-starved Europe
Lire la suite »
China’s Qingxi Culture and History Museum draws on its surrounding landQingxi Culture and History Museum by UAD is a cultural destination in China designed in harmony with its surroundings
Lire la suite »